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NORWAY - Marine Harvest to focus on own green field feed capacity in Norway

Following the termination of the Cermaq process,the world\'s largest producer of farmed salmon said it would focus its resources on the development of green field feed capacity in Norway
June 26, 2013

Following the termination of the Cermaq process, Marine Harvest, the world\'s largest producer of farmed salmon, has successfully completed the divestment of its remaining holding in Cermaq. The total holding, which constituted  5,053,544 shares, was sold at an average price of NOK 105.6 per share and provided a total gain of NOK 133.5 million.

Marine Harvest said it will, in line with what they had communicated earlier, focus its resources on the development of green field feed capacity in Norway, expansion within Norwegian and Chilean farming as well as the forthcoming integration of Morpol. 

The increased financial flexibility created by the sale of the Cermaq shares, termination of the transaction and the current strong salmon prices is likely to lead to a reintroduction of a quarterly dividend payments commencing from Q2 reporting.